Official statements or press releases from the companies

Biden to Enforce New AI Chip Export Limits on Nvidia, AMD by Friday

Jan 9, 2025, 05:00 AM

The Biden administration is set to implement new restrictions on the export of artificial intelligence (AI) chips, targeting companies like Nvidia and AMD. These measures, expected to be announced as early as Friday, aim to curb the global spread of AI technology by introducing a three-tier system of trade controls. The system will allow unfettered access to chips for U.S. allies, block adversaries such as China and Russia from importing them, and impose limits on computing power for the rest of the world. Companies in the third category could bypass these limits by agreeing to U.S. security and human rights standards. Nvidia has expressed opposition to these restrictions, arguing that they threaten U.S. economic growth and leadership without reducing the risk of AI misuse.